CMS Energy Corporation
CMS Utilities Utilities Regulated Electric
CMS Energy Corporation’s revenue for fiscal 2025 (year ended December 2025) was $8.5 billion, up 13.6% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS fell 43.9%, free cash flow grew 26.6% and total debt rose 6.96%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years; insiders bought in the last twelve months.
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CMS Energy Corporation (CMS) Shares outstanding
CMS Energy Corporation's shares outstanding at the end of fiscal 2025 was $301.0M, unchanged from fiscal 2024. At the end of the quarter to 30 June 2026 it was $310.8M. Over the past ten years it has ranged from $276.5M (fiscal 2015) to $301.0M (fiscal 2025) — the current reading is the highest in ten years. CMS Energy Corporation ranks 23rd of 40 Utilities Regulated Electric companies by shares outstanding.
Shares outstanding, annual
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Annual newest first
| Period | Shares outstanding | Change |
|---|---|---|
| FY2025 | $301.0M | 0.91% |
| FY2024 | $298.3M | 2.26% |
| FY2023 | $291.7M | 0.59% |
| FY2022 | $290.0M | 0.17% |
| FY2021 | $289.5M | 1.12% |
| FY2020 | $286.3M | 0.70% |
| FY2019 | $284.3M | 0.49% |
| FY2018 | $282.9M | 0.75% |
| FY2017 | $280.8M | 0.68% |
| FY2016 | $278.9M | 0.87% |
Quarterly newest first
| Period | Shares outstanding | Change |
|---|---|---|
| Jun 2026 | $310.8M | 1.20% |
| Mar 2026 | $307.1M | 2.03% |
| Dec 2025 | $301.0M | 0.20% |
| Sep 2025 | $300.4M | 0.43% |
| 42 more quarters | Free account |
Against its own ten years
Shares outstanding against peers
| Company | Shares outstanding |
|---|---|
| PPL PPL Corporation compare | $757.2M |
| CNP CenterPoint Energy, Inc. compare | $666.0M |
| FE FirstEnergy Corporation compare | $579.0M |
| EIX Edison International compare | $387.0M |
| ES Eversource Energy compare | $377.0M |
| CMS CMS Energy Corporation | $310.8M |
| LNT Alliant Energy Corporation compare | $260.9M |
| EVRG Evergy Inc. compare | $236.5M |
| DTE DTE Energy Company compare | $208.0M |
What Shares outstanding is
Shares (Diluted, Weighted) tells an investor how many shares a company’s earnings are spread across once potential new shares are counted.
Reported line item
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement